Autohome Inc ADR

ATHM: XNYS (USA)
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Autohome Earnings: Revenue In Line but Profit Missed; Controlling Shareholder Changed Hands

Rising content investment and offline expansion led to a 480-basis-point decline in Autohome's December-quarter gross margin and, correspondingly, a 30% year-on-year drop in net profit. The Haier group is now the major shareholder following the completion of the purchase of a 41.9% stake.

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